NYU Loses $24 Million to Madoff
New York University is the latest college to admit being affected by Bernard Madoff's alleged Ponzi scheme. In a lawsuit against J. Ezra Merkin, Gabriel Capital LP fund, and Ariel Fund Ltd., the nation's largest private university claims to have lost $24 million in investments tied to Madoff. The complaint, which was filed last week, alleges that the funds invested with Madoff without telling investors or conducting proper due diligence.
Other schools that have lost money in the scandal are Yeshiva, Tufts, and New York Law School.
Tags: colleges | Wall Street | NYU | Bernard Madoff
Tools: 
Share
|
| Comments (2) | Print
Reader Comments
sue of MA,
.... absolutely right.
HEDGE FUND UNDERBELLIES WILL SURFACE AT MADOFF & Co. TRIALS
From New York to Geneva, corruption is rampant and complex on Wall Street, including the process of accumulation of this much cash..
-
http://pacificgatepost.blogspot.com/2008/12/is-madoff-really-anomaly.html
-
MADOFF AND HIS METHODS are not so unique.
Madoff...madeoff with your money
This couldn't have been pulled off by one person! Many, many others HAD to be involved. The emperor had no clothes and everyone believed in him?
advertisement
